(Reuters) -As the rush towards AI-related companies continues on Wall Street, data from Crunchbase showed on Monday that the sector enjoyed a bulk of venture funding in the third quarter, with names including Anthropic raking in billions.

BY THE NUMBERS

Global venture funding in the third quarter increased 38% year-over-year to $97 billion, increasing slightly from $92 billion in the second quarter.

About 46% of global venture funding for the third quarter went towards funding AI companies, with 29% invested in solely Anthropic.

The three largest venture rounds in the quarter ended September were raised by foundation model companies: $13 billion by Anthropic, $5.3 billion by xAI and $2 billion from Mistral AI.

WHY IT’S IMPORTANT

The craze for AI-related companies has swept across Wal

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